MEET OUR INSURANCE CALCULATORS.

Odds are you didn’t study insurance in college. And odds are you don’t spend your free time reviewing the latest actuarial tables. (If you do, please see our careers section!) As for the rest of you, we invite you to experience our calculators. They’re great tools to check up your existing coverage and even play a little, “What if?”.

Math was always easier with a calculator. Same is true with insurance!

Business Income Insurance Calculator

If your business operations were shut down for a period of time due to a fire or other event, how much income would you lose? How much salary would you have to pay and extra expense would you incur to get your business up and running again? This calculator helps you determine the value of business income coverage needed to make your business whole again.

Simply complete the forms in Step 1 and 2 below and hit calculate. A window will display your results instantly, and a copy will be emailed to you for your reference.

Contact Information

Signup now and have your results displayed online immediately. We’ll also email you a copy for your records as well!

Business Income Limit Calculator

Please answer the following questions for a one-year timeframe:

1. What is your annual net income before taxes?

$

2. What is the value of continuing expenses you would have?This is generally all operating expenses including payroll.

$

3. If you are a manufacturer, what is your cost of goods sold?Your costs of goods sold will be subtracted from your total continuing expenses since these costs will not continue in the event of a shut down.

$

4. What is the total cost of the payroll that you will not continue in the event of a shut down?If you’re a manufacturer, you can probably place a $0 in this space, presumably, you have eliminated all of this payroll by including it in your cost of goods sold. For all other companies, you’ll need to calculate the total cost of payroll that you will not continue paying in the event of a shut down. This should include, wages, taxes, workers compensation premium & fringe benefits. This amount will be subtracted from the continuing expenses.

$

Your annual BI Limit is:

$

5. What additional expenses would you have in the event of a loss?We recommend between 5% - 10% of your annual BI limit. Some examples of these expenses are leasing a temporary location while your facility is being rebuilt and expediting expenses for machinery.

$

Your total annual BI & Extra Expense limit is:

$

Your monthly limit is:

$

6. How many months would it take to get your business back up and running in the event of a large loss?For those companies who are not dependent on real estate to run their operations like an office setting or construction company, it may be acceptable to use 3 months as a time period. In general for companies not dependent on real estate, we recommend a 6 month minimum time period. For real estate dependent companies like manufacturing, we always recommend using a 12 month estimate. In reality, the time period can be extended past 12 months by purchasing an extended period of indemnity endorsement, which we recommend. For purposes of this estimation, please use 12 months as the maximum.

Your initial recommended BI limit is:

$

7. How confident are you in your estimation?

Your recommended BI limit is:

$

Above is simply an estimation of a Business Income Limit. Please consult your insurance broker or contact Assurance to adequately calculate your needed limit.

Your Calculator Results

Based on the information provided, your recommended Business Income Limit = $. An e-mail containing these results is also being sent to you for your records.

Please understand this calculation is simply an estimate. As always, we recommend you consult your insurance broker or contact Assurance to adequately calculate your needed limit.